HOMES

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ments. Healthy de­mand for the right kind of project with the cor­rect price point can be ex­pected. Towns l ike Dharuhera, Bhi­wadi and Al­war can ex­pect to see lo­cal de­mand as the first two are ma­jor in­dus­trial cen­tres, and will see some part of the DMIC de­vel­op­ment adding to the in­fra­struc­ture in these ttowns go­ing for­ward.

Mane­sar too is ex­pected to beb a ma­jor node on the DMIC project, with a host of mul­ti­prod­uct hubs and in­dus­try in­cen­tivesin driv­ing in­dus­trial de­vel­op­ment.de This will cat­alyzely good de­mand for res­i­den­tialti projects. If land prices canca be con­trolled by by the states au­thor­i­ties un­lock­ing more land parcels, the busi­nessne op­por­tu­nity in res­i­den­tial de­vel­op­mentde on the NH-8 cor­ri­dorr will see an im­pe­tus, with more projects be­ing launched andn gen­er­at­ing good de­mand. The norms for ECB for af­ford­ableb hous­ing are likely to be help­ful in low­er­ing fi­nanc­ing costs,o bring­ing greater thrust to res­i­den­tial projects in these lo­ca­tions. l

The Mas­ter plan for DMIC cor­ri­dor’s first zone has been no­ti­fied. Khushkhera-Bhi­wadiNeem­rana is be­ing de­vel­oped as the first node for which land ac­qui­si­tion is al­most com­plete. The Mane­sar-Bawal re­gion is also one of the in­vest­ment re­gions se­lected for de­vel­op­ment in the first phase of this in­dus­trial cor­ri­dor. The cre­ation of these in­vest­ment re­gions are likely to spur res­i­den­tial in­vest­ments in these cor­ri­dors at a greater scale.

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